NYSE$BRDG

Bridge Investment Group Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported best first quarter in company history driven by increasing allocation to alternative investments and robust capital raising activities.

Bridge Investment Group Holdings Inc. reported strong first quarter 2022 results, with significant increases in total revenue, investment income, and net income compared to the same period last year. The company's strategic focus on specialized real estate sectors and value-add opportunities contributed to its success.

  • Total revenue increased by 78% year-over-year, reaching $104.1 million.
  • Net income increased by 140% year-over-year, reaching $97.5 million.
  • Fee-earning AUM increased by 43% year-over-year, reaching $14.7 billion.
  • Capital raised totaled $1.1 billion, representing a 530% increase year-over-year.

Headline financials

Total Revenue

$104M

Previous: $58.6M+77.9%
EPS (adj)

$0.28

Previous: $1.69-83.4%
Gross AUM

$38.8B

No prior period
Fee-Earning AUM

$14.7B

No prior period
Dry Powder

$2.9B

No prior period
Capital Raised

$1.1B

No prior period
Capital Deployed

$639M

No prior period
Realized Performance Allocations

$8.9M

No prior period
Net Income

$97.5M

Previous: $36.8M+165.2%
Operating Income

$103M

Previous: $17.1M+501.5%
Gross Profit

$46.9M

Previous: $29.4M+59.4%
Cash & Equivalents

$149M

No prior period
Stock-Based Comp

$7.27M

No prior period

Revenue & EPS history

Bridge · Revenue · Quarterly

$104M

Q1 2022+77.9%vs Q1 2021
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Bridge · $104M total across 8 segments · Q1 2022

  • Fund Management Fees
    $52.7M
  • Transaction Fees
    $22M
  • Property Management & Leasing Fees
    $18.3M
  • Fund Administration Fees
    $3.64M
  • Insurance Premiums
    $2.42M
  • Other Asset Management & Property Income
    $1.96M
  • Construction Management Fees
    $1.89M
  • Development Fees
    $1.26M

Forward guidance

Company did not provide specific forward guidance in the earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 4 quarterly earnings reports

Historical avg

-0.4%

Avg return

Earnings day

-3.7%

Avg return

5 days after

-5.6%

Avg return

30 days after

50%

8 / 16 earnings

Positive

+11.0%

Q3 2021

Best reaction

-16.9%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025
Q2 2025+0.8%+0.3%
Q4 2024-3.0%-0.9%-5.9%
Q3 2024-8.8%-7.1%-12.9%
Q2 2024+3.4%+5.0%+11.6%
Q1 2024-0.7%+3.2%+4.3%
Q4 2023-16.9%-22.5%-25.4%
Q3 2023+0.2%
Q2 2023-6.0%
Q1 2023+5.3%
Q4 2022+4.1%
Q3 2022-2.9%
Q2 2022+5.8%
Q1 2022-0.5%
Q4 2021+2.8%
Q3 2021+11.0%
Q2 2021-0.5%
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020

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